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IPO : Credo Brands Marketing Limited

IPO : Credo Brands Marketing Limited
  • By Goodwill
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  • December 20, 2023

IPO : Credo Brands Marketing Limited

Credo Brands Marketing Limited IPO

 SYMBOL MUFTI
 ISSUE TYPE Book Built Issue IPO
 ISSUE OPENS ON Tuesday, December 19, 2023
 ISSUE CLOSES ON Thursday, December 21, 2023
 ISSUE PRICE ₹266 to ₹280 per share
 ISSUE SIZE Up to Rs.549.78 Crores
 FACE VALUE Rs.2 per share

Mufti Menswear IPO is a book built issue of Rs 549.78 crores. The issue is entirely an offer for sale of 1.96 crore shares.

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Mufti Menswear IPO bidding opened for subscription on December 19, 2023 and will close on December 21, 2023. The allotment for the Mufti Menswear IPO is expected to be finalized on Friday, December 22, 2023. Mufti Menswear IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 27, 2023.

 MINIMUM BID 53 shares
 MINIMUM AMOUNT  Rs.14,840
 MAXIMUM BID 689 shares
 MAXIMUM AMOUNT  Rs.192,920
 PROMOTER HOLDING 53.66% (Post-issue)
 LISTING DATE Wednesday, December 27, 2023
 LISTING AT BSE, NSE

Mufti Menswear IPO price band is set at ₹266 to ₹280 per share. The minimum lot size for an application is 53 Shares. The minimum amount of investment required by retail investors is ₹14,840. The minimum lot size investment for sNII is 14 lots (742 shares), amounting to ₹207,760, and for bNII, it is 68 lots (3,604 shares), amounting to ₹1,009,120.

Objects of the Issue (Mufti Menswear IPO Objectives)

The objectives of the Offer are to (i) achieve the benefits of listing the Equity Shares on the Stock Exchanges and (ii) carry out the Offer for Sale of up to 19,634,960 Equity Shares. Further, the Company expects that the proposed listing of its Equity Shares will enhance our visibility and brand image and provide liquidity to the Shareholders and a public market for the Equity Shares in India.

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Risk Disclosures
on Derivatives

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